Principal Financial Group (NYSE:PFG - Get Free Report) had its price target upped by equities research analysts at Morgan Stanley from $65.00 to $67.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Morgan Stanley's price objective would suggest a potential downside of 15.08% from the company's current price.
Other equities research analysts have also issued research reports about the company. Royal Bank of Canada restated a "sector perform" rating and set a $91.00 price objective on shares of Principal Financial Group in a research report on Thursday, January 16th. JPMorgan Chase & Co. upgraded Principal Financial Group from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $95.00 to $92.00 in a report on Tuesday, January 7th. BMO Capital Markets initiated coverage on Principal Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $93.00 price objective for the company. Wells Fargo & Company upped their price objective on Principal Financial Group from $68.00 to $69.00 and gave the company an "underweight" rating in a research note on Tuesday, April 29th. Finally, UBS Group decreased their target price on Principal Financial Group from $93.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $83.54.
Check Out Our Latest Analysis on PFG
Principal Financial Group Trading Up 0.1 %
Shares of PFG stock traded up $0.06 during trading hours on Tuesday, reaching $78.90. The company had a trading volume of 933,060 shares, compared to its average volume of 1,315,237. The firm has a market cap of $17.69 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 0.76 and a beta of 1.01. Principal Financial Group has a 1-year low of $68.39 and a 1-year high of $91.98. The company has a 50 day moving average of $78.45 and a 200 day moving average of $81.22. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.29 and a quick ratio of 0.30.
Principal Financial Group (NYSE:PFG - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $1.81 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.02). Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%. During the same period last year, the business posted $1.65 EPS. On average, equities research analysts anticipate that Principal Financial Group will post 8.5 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC raised its position in shares of Principal Financial Group by 96.4% during the 1st quarter. Headlands Technologies LLC now owns 28,273 shares of the company's stock valued at $2,385,000 after purchasing an additional 13,875 shares during the period. Chicago Partners Investment Group LLC bought a new stake in Principal Financial Group during the first quarter valued at about $420,000. Charles Schwab Investment Management Inc. raised its holdings in Principal Financial Group by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,468,728 shares of the company's stock valued at $123,917,000 after acquiring an additional 20,221 shares during the period. ASR Vermogensbeheer N.V. bought a new position in shares of Principal Financial Group in the first quarter worth about $1,539,000. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Principal Financial Group during the first quarter worth about $436,000. Institutional investors own 75.08% of the company's stock.
About Principal Financial Group
(
Get Free Report)
Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.
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